French placement agent Triago's private equity secondary advisory unit Triago-X will today announce its intention to float on Alternext, Euronext's Paris-based equivalent of London's Alternative Investment Market.

Antoine Dréan, the founder and managing partner of Triago-X, said capital raised in the flotation would be used to fund the expansion of the business, along with the introduction of new technology such as databasing systems and a platform to provide buyside and sellside transaction data.